Speeding Up EV Charging: Cutting time and costs for chargepoint operators
In 2022, electric vehicles’ share of new car sales in the U.S. surpassed 5 percent, which has been described as a “tipping point” for mass-market adoption.
The timing is important. In the U.S., transportation contributes more greenhouse gas emissions than any other sector — 27 percent as of 2020, according to the U.S. Environmental Protection Agency.
Within that category, light-duty vehicles are responsible for 57 percent of transportation-related emissions. Converting America’s cars from internal combustion engines to electric drivetrains is a critical part of fighting climate change.
To efficiently leverage both the public and private capital that is flowing into the industry, this paper discusses why developers and owners of chargers must take a full-spectrum approach to cut costs and timelines for charging infrastructure, including:
• Understanding soft costs for charging installation
• Lowering balance-of-system costs
• Considerations to deploy faster in the next five years
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